MAYO, Yukon It looks like the Keno Hill silver-lead-zinc mine is up for grabs again. NEVADA PACIFIC GOLD has elected not to proceed with the purchase of the property. It based its decision on "a thorough evaluation of the assets, discussions with the Yukon government, and other due diligence investigation," according to a press release.
Nevada Pacific announced its intention to acquire Keno Hill only in February 2003. The deal included a 500-ton/day mill, buildings, infrastructure, equipment, and a resource containing an estimated 22 million oz of silver. The deal was to have put $3.6 million in the pockets of secured creditors.
The company has numerous gold properties in Nevada and one in Arizona. Learn more at www.nevadapacificgold.com.
Comments